First European Cannabis ETF In Europe To Launch On Deutsche Börse

First European Cannabis ETF In Europe To Launch On Deutsche Börse

On January 13, the first cannabis ETF will launch in Germany on the Deutsche Börse in Frankfurt. Created by Canadian asset manager Purpose Investments and HANetf, the Medical Cannabis and Wellness Ucits ETF (CBSX) is well-timed at least, to take advantage of the developing shape of the market for the next several years. CBSX is domiciled in Ireland with passported sales to the UK and Italy. This is, obviously huge news and from a number of fronts beyond being a first mover in what is likely to be an interesting basket if not a portfolio of opportunities scattered all over the continent. The second reason this is significant of course is that this marks the first time the Deutsche Börse in Frankfurt has actually seemed to embrace the idea of cannabis stock trading at all. This has been hotly fought battleground since 2018 when the exchange briefly delisted all North American cannabis stocks before putting the entire sector on probation ever since. However, that was so two years ago. These days, with cannabis reform afoot in every European country right now and of even the first inklings of the recreational kind, the world is clearly changing. Further, that such an…

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Source : CANNANNEW REPORT
Link to original : First European Cannabis ETF In Europe To Launch On Deutsche Börse
reposted by Cannabis News World

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